The Quant Network is a very useful solution for people looking for flexible blockchains. In this post, we will find out about some additional features of the Quant network. Let’s get started.
More Info On The Quant Network (QNT)
What is the Quant Network App Store?
Quant Network was initially able to demonstrate the ability to read and track transactions on multiple ledgers, including Bitcoin, Ethereum, and Ripple (which you can trade using crypto genisus), and has promised to add support for more of these as the platform evolves. The same system that supports MApps should allow the Quant Network team to start working on the Quant Network App Store as one of the various sources of revenue in its ecosystem.
The App Store is expected to provide the following functions:
- Developers can create and publish MApps.
- Apps may offer zero charge rates for usage and transactions. Other options include one-time fees per transaction or an optional monthly subscription model with the use of an app.
- In any case, customers wishing to use the app will need to hold a predetermined number of Quant (QNT) tokens to gain access to the platform.
What is Quant SAAS?
In addition to the Quant Network App Store, Quant offers its own Software-As-A-Service (Software-As-A-Service, for enterprise and middleware applications)
SaaS) has also planned to launch. They will offer solutions tailored to the needs of individual industries based on the demands of various industries. In this way, developers promise to focus on industries such as healthcare, supply chain, government, and financial services. One of these products is known as Quant Health, which uses it to help healthcare institutions keep their systems up and running with the help of blockchain.
Quant Enterprise and Middleware Products
The Quant Network (QNT) team aimed to create business applications that would allow its users to take advantage of the decentralized nature of the Quant platform and its potential to provide interoperability across multiple chains. While use cases are still being developed, some of the areas that might be of interest are:
- Electronic health records,
- Decentralized messaging solution,
- middleware products such as deal contracts,
- Identity broker solution that can be used to authenticate users and grant access to blockchains,
- Fiat currency gateways.
In addition to these products, the Quant Network team is also working on the licensing plan for the core technology that will be offered to various internet and blockchain providers and manufacturers.
Quant (QNT) Tokens
QNT are tokens whose main role is to provide digital access to a particular service or application (MApp) that is part of the Quant Network platform. Access to these services and applications is provided to both users and developers.
In addition to the number of tokens, the access fee will also be based on the fixed currency amount. As an example, the $10 monthly consumption fees for developers and businesses require payment to the Quant Treasury based on the equivalent price in QNT tokens.
With the increase in the number of users and the accompanying change in QNT demand, the total number of tokens required to access the platform and applications may vary depending on the value of the tokens and their number in circulation (as of March 2019 these figures exceeded 9 million out of 14.6 million in total supply). Fixing the value of access fees to fiat should allow developers to hold more flexible amounts of QNT, as its price can vary with fiat currency. As of March 2019, Quant Network (QNT) had a market capitalization of US$34 million.
QNT Token Advantages
The Quant Network ecosystem uses the QNT token to access the network and the Overledger platform, securing data sharing. As a result, the QNT token, an important part of the network, shares and supports team members’ project values that state:
- inquisitiveness
- Initiative,
- to be unshakable,
- Agility,
- Reliability.
Given the approaches, it’s impossible not to want to learn more about the project and its tokens.
What makes the Quant Network (QNT) unique?
Since the introduction of blockchain and distributed ledger technology, innovators have found use cases for them in nearly every known industry, but the issue of seamless interoperability between these projects has arisen. Quant Network (QNT) was created as the missing link between “different” blockchains.
Quant Network (QNT)’s operating system, Overledger, is designed to act as a gateway for any blockchain-based project to access all other blockchains. Overledger also works in connecting an application to other applications in the same blockchain ecosystem, such as Ethereum.
More than multiple blockchain interactions, Quant Network (QNT) creates different layers for applications to interact at different levels. Quant Network has different layers for transactions, messaging, filtering and sorting, and an app to share and reference the same messages about other applications.
Quant App Store has the ability to read and monitor transactions from multiple ledgers. Using Overledger, developers write smart contracts on a wide variety of chains, including those that do not support the implementation, such as Bitcoin.
Is the Quant Network (QNT) secure?
The Overledger system forms the backbone of Quant Network. Overledger provides communication between DLT networks and interacts with different blockchains. Overledger includes gateways to connect different blockchains. Similar to Ethereum’s proof-of-stake blockchains, the Quant Network team is involved in handling treasury smart contracts. The team manages QNT payments flowing from users to gateways. They do this in a way that people are held accountable to any observer.
How many Quant Network (QNT) tokens are in circulation?
QNT tokens are not required to be purchased to use the Quant Network, but QNT tokens are required to use this network.
Any developer must purchase a license to build anything on the platform. This requires the tokens to be locked for 12 months. The cost of running Gateways and performing reads or writes to Overledger requires the use of QNT tokens.
The maximum supply of QNT tokens is set at 14,612,493 tokens. QNT tokens are distributed as follows:
- During the ICO, 9.9 million QNT tokens were sold to the public.
- 2.6 million QNT tokens have been allocated to the company reserve to continue the project.
- 1.3 million QNT tokens are reserved for company founders.
- 651,000 QNT tokens were awarded to company advisors.
An extra 2 million tokens are held by the company. These tokens are unlocked and can be sold or given away at any time.
What is the price of QNT?
At the time of this writing, the live QNT price is 368.70 USD and a 24-hour trading volume is 135,197,737 USD. Again, from the date of this writing, QNT has decreased by 1.40% in the last 24 hours. QNT ranking in the stock market, where the current data is taken, is 41st with a live market value of 4,451,171,252 USD. It has a circulating supply of 12,072,738 QNT coins and a maximum supply of 14,612,493 QNT tokens.
What are the types of Quant (QNT) wallets?
Desktop Quant (QNT) Wallets
They are wallet programs that you can download and use on your computer. The public and private keys of your Quant (QNT) wallet are stored in your computer’s memory. As it is a Quant (QNT) wallet connected to the internet, it is vulnerable to the dangers that may come from the internet. It is an ideal wallet for users who will be transferring Active Quant (QNT) and holding small amounts.
Paper Quant (QNT) Wallets
Paper (paper wallet) wallets are the papers on which the Public Key and Private Key of your Quant (QNT) wallets are written. In Paper Quant (QNT) wallets, your Quant (QNT) address information is generally displayed as a QR code. Since it is a Quant (QNT) wallet without an internet connection, it is the most secure wallet against attacks that may come from the internet. You can create a specially designed Paper Quant (QNT) wallet, or you can create your own Quant (QNT) wallet information as a printout. Since it is a physical Quant (QNT) wallet and your wallet information is printed on it, you may lose your entire Quant (QNT) balance if you lose your wallet.
Web (Online) Quant (QNT) Wallets
Web Quant (QNT) Wallets are a form of wallet in which your Quant (QNT) balances are maintained by wallet service providers. It is necessary to pay attention to the reliability of companies providing Web Quant (QNT) wallet services. Quant (QNT) wallets that you can have on crypto exchanges. The biggest advantage of Web Quant (QNT) wallets is that you can access and transact from anywhere you have an internet connection.
As soon as you become a member of a good crypto exchange, a special Quant (QNT) wallet is created for you. With this Quant (QNT) wallet, you can deposit Quant (QNT) from other Quant (QNT) wallets to your own Quant (QNT) wallet and withdraw Quant (QNT) to other Quant (QNT) wallets.
A significant portion of your Quant (QNT) balance in your Quant (QNT) wallet is kept in cold wallets. Cold wallets are private security wallets that do not have an internet connection. You can use Quant (QNT) to store your balance and you can buy and sell on your preferred crypto exchange whenever you want.